The free market system in the United States is an example of the ________ rule.
A) equality
B) welfare-based allocation
C) equity
D) needs-based allocation

Question

Quizplus · Accepted Answer

The free market system in the United States emphasizes equity, which means that resources are distributed based on the principles of fairness and impartiality. This means that individuals are rewarded based on their efforts and abilities, rather than their needs or circumstances. Equality and needs-based allocation are not as prominent in the free market system, and welfare-based allocation is more associated with government welfare programs rather than the market economy.

The Free Market System in the United States Is an Example